Littlejohn Financial Services Inc. Invests $5.27 Million in Invesco QQQ (NASDAQ:QQQ)

Littlejohn Financial Services Inc. purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,305 shares of the exchange traded fund’s stock, valued at approximately $5,268,000. Invesco QQQ comprises 4.7% of Littlejohn Financial Services Inc.’s holdings, making the stock its 3rd largest position.

Several other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. increased its position in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after acquiring an additional 11,351 shares during the period. Socha Financial Group LLC raised its stake in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after purchasing an additional 2,171 shares in the last quarter. NRI Wealth Management LC bought a new stake in Invesco QQQ in the 4th quarter valued at about $28,729,000. Finally, Garden State Investment Advisory Services LLC grew its position in shares of Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.4 %

NASDAQ QQQ opened at $535.90 on Friday. The company has a 50 day moving average of $521.86 and a 200-day moving average of $497.08. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.